![]() ![]() But this too is part of the unavoidable risk you take. The collapse occurred, and the default outcome ruled. It didn't matter what their options trading intentions were pre-collapse. When MF Global collapsed, everyone recovered fully to fair market value, but some options and futures traders were upset because all their open interest positions ran to expiration. The SIPC then steps in to defend your "closed book" valuation, up to SIPC limits unconditionally, and it tries mighty hard to recover beyond limits. If that works out OK, great, but it might not. When a broker collapses all your options just run to their expirations. However, SIPC coverage is unavoidably limited when it comes to options. There's no analog to SIPC coverage in Singapore, so it's great that it exists - it's an advantage with U.S. federal government backstopped insurance). specifically is a well regulated market with SIPC protection (U.S. Insolvency is possible no matter where the broker is domiciled, but the U.S. ![]() I should also point out that options trading comes with some special peril if the broker becomes insolvent. Be sure to factor those considerations into your decision. Firstrade is OK with residents of Singapore, but I'm not sure about Lightspeed.Ī common problem that most brokers not named Interactive Brokers share is that they don't provide any low cost way to move Singapore dollars to the broker and convert them into U.S. Both Firstrade and Lightspeed accept account applications from non-U.S. Some have professional experience, but the tag does not specifically mean they are professional traders.I think Interactive Brokers is going to be tough to beat, but you might wish to investigate Firstrade and Lightspeed as possible alternatives for options trading. Users tagged with 'Options Pro' flair have demonstrated considerable knowledge on option trading. Why option stop loss orders are a bad idea.Why did my options lose value when the stock price moved favorably? - Options extrinsic and intrinsic value, an introduction.Option Adjustments: Stock Splits, Mergers & Special Dividends (wiki).Historical Options Data, Option Chains & more (wiki).A list of international brokers trading USA (& European) options.Complete Guide & Rules for posting Option trade details needed when posting Moderator Mail messages Moderators Report posts or comments not meeting community standards with the "report" link. The rules are advisory to the moderators and subject to reasonable judgment. Moderators may, at their discretion, allow posts and comments to remain visible.Posts titled "Help", "First Trade" "What should I do?", "What am I missing" or "Advice" are removed. This courtesy to readers enables the archived post to be found again later. Title your post informatively with particulars.Minimum account age & posting karma required: IDs older than 5 days, no very low or negative posting/comment karma.We have a wiki with a FAQ section that you can check first, and we have a weekly Q&A thread where frequently asked questions are welcome. Don't post FAQs (Frequently Answered Questions) as new threads: New threads that ask the same type of question repeatedly push new topics off of the front page.Posts of gains, losses, list of trades, trade images without narrative strategy and trade details, or a repeating series of posts as if you were blogging, are taken down. Put forward an analysis, general strategy, trade rationale and option position details & exit plan for critique and discussion. Low effort posts amounting to "Ticker?" are taken down. ![]() Text-posts with narrative and detailed citation and description of the linked item is expected.
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